Industry News

Report says OLED Market to Reach $7.4B by 2019

Valerie Coffey

September 7, 2012—Research firm Nanomarkets (Glen Allen, Va., U.S.A.) estimates that the market for organic light-emitting diode (OLED) materials will reach $7.4 billion by 2019, according to their new report, “OLED Materials Market 2012.” Thanks to displays now commercially available in phone and televisions, the market for OLED materials in 2012 is estimated to be worth $524 million. The significant growth from millions to billions predicted between 2015 and 2019 will be due primarily to growth in TV displays and lighting.

Author of the Nanomarkets report, Jill Simpson, cites active-matrix OLEDs in mobile display products as the biggest finding for this year’s report. “Samsung’s Galaxy phones actually outsold iPhones a couple of quarters. This will probably change this month when the new iPhone 5 comes out, but it’s still significant because it means that significant sales are flowing into the materials sector now, and that’s definitively new for this report.”